Quanta Dialysis Technologies (Alcester, U.K.) said today that it has closed on a £38 million ($48 million) Series C funding round. The money will support the British commercial launch of the company’s SC+ personal hemodialysis system as well as a 510(k) clearance submission to U.S. FDA later this year. The SC+, which received a CE […]
Draeger lands $10m anesthesia contract with DoD
The U.S. Defense Dept. recently announced that Draeger has won a nearly $10 million contract for anesthesia recording and monitoring device sustainment services. The July 26 announcement of the five-year, firm-fixed-price contract came days after DoD also awarded a $60 million contract to Draeger for patient monitoring systems, subsystems, accessories, consumables and training. The latest contract […]
Boston Scientific, Mayo Clinic opening an accelerator
Mayo Clinic and Boston Scientific (NYSE:BSX) announced today that they have forged a partnership to launch an accelerator called Motion Medical. The accelerator is expected to open this fall and serve as a key tenant of the new One Discovery Square near the clinic’s Rochester, Minn. campus. The accelerator includes a commitment in the millions of […]
Stryker beats The Street with Q2 results
Stryker (NYSE:SYK) posted second-quarter results this evening that beat the consensus forecast on Wall Street — and further boosted its earnings guidance for the year. The Kalamazoo, Mich.–based orthopedic device giant reported profits of $480 million, or $1.26 per share, on sales of $3.65 billion for the three months ended June, for a bottom-line gain of […]
Ablacon raises another $12m
Ablacon (Menlo Park, Calif.) announced this week that it has secured a $10 million venture debt facility from Western Technology Investment (WTI), accompanied by a $2 million equity investment. The money will help fund the first multicenter randomized clinical trial for Ablamap, Ablacon’s mapping system to guide the treatment of people with atrial fibrillation. “WTI […]
Edwards Lifesciences abandons Centera self-expanding TAVR for Sapien 3 Ultra push
Edwards Lifesciences (NYSE:EW) is discontinuing work on its Centera TAVR system as it increases focus on expanding indications for its Sapien 3 Ultra valve. The news — which came yesterday with the company’s second-quarter earnings announcement — comes weeks after an urgent field safety notice in which the company warned customers that it had received reports […]
Axial3D raises $3m for medical 3D printing
Medical 3D printing company Axial3D has closed a $3 million funding round to support its U.S. expansion. The money will support new positions in the company’s expanding U.S. market and its home base in Belfast, U.K. — with a focus on expanding the company’s machine learning team, the company said yesterday. Axial3D is working on […]
The U.S.-China trade war: Here’s what it means for medical device industry suppliers
If the tariffs actually make a country great again, it might be Malaysia, Vietnam or Costa Rica, global medical device industry suppliers say. The U.S.-China trade war is certainly affecting where U.S. medical device companies decide to make their products. But don’t expect a bunch of manufacturing to come back to the United States. “They […]
Intuitive Surgical beats The Street on Q2 earnings
Intuitive Surgical (NSDQ:ISRG) today reported better-than-expected earnings and revenue for its second quarter amid 24% year-over-year growth in shipments of da Vinci surgical systems. The dominant robot-assisted surgery company reported profits of $318.3 million, or $2.67 per share, on sales of $1.10 billion for the three months ended June 30, 2019, for a bottom-line gain of […]
Abbott wins FDA approval for its fourth-generation MitraClip
Abbott (NYSE:ABT) announced today that U.S. FDA has approved the MitraClip G4, the most advanced version yet of the company’s transcatheter heart valve repair device to treat mitral regurgitation. Abbott expanded the number of clip sizes to four for the MitraClip G4, including clips with a wider grasping area, in order to expand the treatment options […]
GE Healthcare recall involves tens of thousands of infant warmers
GE Healthcare (NYSE:GE) has alerted health providers to inspect the bedside panels and latch areas of all Giraffe and Panda i-Res infant warmers, after 338 complaints of panels malfunctioning. In two cases, infants fell from warmers and cracked their skulls, but there have been no reports of deaths, according to the U.S. FDA. The FDA […]